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The world’s biggest sovereign wealth fund has warned Britain against watering down its listing rules to accommodate Saudi Aramco, describing such proposals as “a step back in terms of investor protection”.
In a letter to the Financial Conduct Authority, Norges Bank Investment Management, of Norway, threw its weight behind the growing investor revolt against proposals to create a new category of premium listing.
The category would be designed for companies controlled by sovereign nations and would dilute rules to protect minority shareholders. It is widely seen as a measure to enable the initial public offering of Saudi Aramco, the state-owned oil giant, which is seeking to list 5 per cent of its shares in an attempt to raise $100 billion.
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State oil giant Saudi Aramco has launched a mega project, Spark, which has been designed to position the kingdom as a global energy hub that furnishes a dynamic, enabling environment for foreign and
Leading oilfield services provider Baker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimising production from new
Saudi Aramco President and CEO Amin H. Nasser on Tuesday told delegates attending the 13th annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum that a key Saudi Aramco objective is to br
International credit rating agency, Standard & Poor’s (S&P) has revised the outlook on Qatar Islamic Bank (QIB) to ‘stable’ and affirmed the ‘A-/A-2’ issuer credit rating.
According to the
National Bank of Fujairah (NBF) announced that NBF Islamic has retained the ‘Best Islamic Window — UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018.
The Gulf Today
UAE-based Goldilocks Investment Company said it has reached an agreement with Gulf Navigation Holding, a leading maritime and shipping company based in Dubai, to acquire a 18.32 per cent stake in the
Agility Public Warehousing Company (KSC) announced Monday investing $100 million for the next three years in logistic technology sector, via launching a digital platform to manage electronicallylinke
ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Co